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Home My WebLink About1468 J. To plaa a~d contirwously keep on tM bu~:din9~ ~ow a Mrealter u?uat~ on said I~nd and on alt equipmeM ~nd p~rson+lly cove~~d by ~Aii ma p~. witA d) premiums theteon pa~d i~ full, fire insur~t~te ~n ~hs usual seande~d po!icY fan+. i~ ~ fum approv~d by IFr MOR(GAGEE. and windsto i~iwanct in ~M usual standard pol~q la~n. ~ sum app~oved by iM MORTGAGEE, in wch compu~y w compan~~s as tM MORTGAGEE m dinct; aed all ii~~ ~nd windstonn insuranc~ poliues on ~ny o( taid buifd~~+ps, any inle~esl thtrein w pa~t thereof, In ~M +pqrt9at~ ~um ~fwesaid in ~xcws ~hereof, sMll conuin 1!n uswl iundard mor~gayae dauie or such o~ha claut~ ~s 1M Ma~yage~ ~n+y requa~. m+k~^D tM lou unde~ sad po c~es, each ~nd ~very, payab~e w said MORTGAGEE +s its inte~es~ may appear. +~d e+ch a+d ~ve~y such po~icy shall bs promptly ais 9ned and d~~lvered ~ •ny h~W by sa~d MORTGAGEE ~s (unher securiry to ia~d mo+tyage debt,. ~nd, no? less th~n teo (10) days in advance of ~he ~xpirat~on of e~ch poGcy, to d tiver M iaid MORTGAGEE a renewal thereof, topalher wi~h a rece~pt fw the p~emium o( tuch rsnewal; and Ihtr~ shall bs no fi~e o~ windslorm iniur+nc plac~d on any of isid buildinya, ~ny intereil therein w part ~hereof, unleu in tM io~m ~nd wifh IM loss payable +s •faesaid; u+d in 1he ~vent any sun of nwney becoma payablt u~de~ such policy w polKa~ said MORTGAGEE ~hall haw Ihe op~~on ~o receive and apply the same on account o( the indebted ~xu setu?ed hereby w lo permit said MORTGAGORS to reteive and uss it w any part thereof fo~ othcr purpoaes, without ~h:reb~ waivi~ig or ~~npair• ! ing any p~ity, lian or right uoder or by v'utw of ~his mo:sga9e; and in the tve~t u1d MORTGAGORS shsll fw any reawn isil.to keep the said p~emises so ~ insured, or fail b deliver promptly +nY of said polKies ol in~urance to said MORTGAGEE, a fail promptly to pay tully any prcmium the~efa w in any ~ .espect fail to per~am, dischuge, execute, effed, complete, complY wi~h ~nd abide by ~his covenant, a any par~ hereof, said MORTGAGEE may place and + paY for tuth insutance ot ~ny part thereof without waiving or affoctirg any option, lien, equity. w right under o~ by virtw of this Matya~e. a~d the full amo~nl of each and every wch payment shall be immediately due and payable and ihall bear interest from ths dats thereof vntil paid at the rate oi nine per centum per annum and together with such iNerest shall be srcured by the lien of this mottgsge. 4. To pKmit, tommit or wffer no was% impairmeM or deterarotion of uid property or aoy part thereof. S. To pay ~II ~nd singvlar the costs, cMrgd and expensea, including a reasonable at~aney i(ee and costs of ab3trads of title, incurred w paid a1 any time by said MORTGAGEE, because a in the event of the failu~e on Ihe pan of the said MORTGAGOR to duly, promptly and fully perfwm, d~xhar9e, execute, effect, compkte, comply with and ab:de by exh and every the stipvlat~ons, agreements, conditions, and mve~ants of said promissory ~ote and ~his mortgage any w ei?he~, and said costs, chuges and expenses, each and eve?y, shall be immediately due and payable; whether a not ~he~e be notice do- mand, attempt to to11M or wit pendirg; and the full amount of each and every such payrtxm shall bea~ iroerest from the date the~eof until paid at the rate of nine per centum per an~ts;m; and all said costs, charges and expenses incurred w paid, together w~th uxh imerest, shall be secured by the lien of tha mort9sye. 6. That (a) in the event of ~ny breach of this Mwtgage o~ default o~ ~he part of the MORTGAGOR, w(b) in the event any of uid sums of money herein referred to be not promptly and fully paid within thirty (30) days next aiter the same severalty become due a~d payable, without demand w notice, or (c) in the eveM cach snd every the stipulations, agreements, conditions and covenants of satd promissory note and th~s mWtgage a~y w either a?e ~ol ~uly, promptly and fully per'.o~med, discharged, executed, effected, compkted, complied w~~h and abided ~by, tF?en en either w any such event the isid sg gregate wm memioned in said promiuory note the~ remaining unpaid, with iNerest accrued, and all moneya setu~ed hereby, shall become due and pay- able forthwith, a thercaite~, at the optan of said MORTGAGEE, as fully and completely as if all, of the said sums of money were aginslly st7pulsted to be paid on s~ch day, anything in said promissory note ot in this Mortgage to the contrary notwithstanding; and tFuveupon w thereafta at the opuon of said MORTGAGEE, without notice or demand, suit at law w in equity, therefwe w thereafter beg~~, may be prosecuted as if all moneys secured hereby had maTU~ed prior f0 iri instifvtan. 7. That in the event that at the beginning of a at any tinx pending any svit upon this JNortgage, w to far:close it, w to refwm it, or to enforce payment of any claims hereunder, said MORTGACaEE shatl apply to the Court having jurisd~dion thereof fw the appo~ntnxnt of a Receiver, wch Court shall forthwith appoint a receive? of said mwt9aged property all and singular, i~tludmg all and singular the intome, profits, _iuues and revenues from whatever source derived, each and evtry of which, it being expressly undentood, ia hereby mortgaged as if specifitally xt forth and destribed in the granting and habendum clauses hereof, ar~d such Receiver shalf have all the broad and effecrive funct~oos and powers in anywise entr~sted by a Court to a Receiver, and . s~ch appointment shall be msde by such Court as an admitted equity and a matter of absolute right to. said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mort9aged or to the sower+cy or insolvency of said MORTGAGOR o~ the defendants, and that such rents, profits, incane, iuues and revenues shall be applied by such Receive~ accwding to the lien or equity of said MORTGAGEE and the practice of such Cowt. 8_ To duly, promptly and fully perfwm, discharge, execute, eiiect, comptete, comply with and abide by each and every the stipvlations, sgreements, conditions and covenants in said promissory note and this mortgage set fath_ 9. That in the event the ownenhip of the rtwrtgaged premises, w any part thereof, becomes vested in a person othet than the MORTGAGOR, fhe ' MORTGAGEE, iri successors and auigns, may, without notice to the MORTGAOR, deal with such successor a successor in interest with referente to this mortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating or discharging the Mortgagors' liability hera ' under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbcarance on the part of the MORTGAGEE a its succeuors or auigns and ra eatension of the time for the payment of the debt hereby secured given by the ivt~RTGAGEE or its successws w auig~s, shall operate ro rekase, dischar9e, modify change w affect tha original IiabJity of the MORTGAGOR herein, either in whote or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligat7on he~eunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumeM sec~red herby. 11_ In add~tio~ to the fwego:ng monthly payments of princ'pal and interest required by the prom~uory ?wte secured hereby, mortgagor tovenants and agrees to pay to mortgagee v~~ith each monthly payrnent an addiiional sum estimated by mortgsgee to be equal to 1 j'12 of the an~ual cost of the follow- , ~~9_ A-All real property taxes levied or assessed against tFr_~ above described real estate. I B-Premiums on fire and windstorm insurar.ce as herein requ;red to be carried on the improveme~ts situate on the above described ptemises. i C-Premiums on such mongage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. I /Nortgagee shatl from time to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and ~ FayaWe on the due date of the next month!y payment and each successive month thereafter urti~ mortgagee shall notify mortgaqor of a change in such amount. Such wms shall be applied by mo~tgagee toward the payment of real property taxes, insurance prem:ums, and mo?tgage guaranfy insutance premiums. ' IN WITNESS WHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day and year first aforesaid. ~ ~~Si Sealed and li red in the p ence of: ~ ~ (Seaq n n n 57ATE OF FLORIDA ~ St. LuCiA - - couNn oF ~ Befwe me personally appearcd W 7~ L Bai,~g and Lois S Bailev~ ~iis 'vife and R~nald L. Court~aey an t18iCQL1alY11 W Ci0111`frT19p his wife, to me well krawn and kaovm ro me to be ?he individusls described in and who execvted tF~e fweganp instrument, and adcnowledged fore me hat they x ted t 1~ ~ t p~rr thereio ~xa~a. a~a r?~ ~ Lois S. Bail xife of sa3,d William Baifey ane~ _ ~our~y ~ ti` " ~ , wife of the said C~~ • ~nd ~privat~ examination by me tsken separate and apart from her ssid husband, acknowledged to snd befae me that she ex +~d vo~uR- tarily and withovt ~ny compulsion, tonsttaint, appreheniion, or fear of or from her said husband. it - tr'' - WITNE55 my hand ar~d official xal thi• 17t h day of A rl l y. f' ~q ?2 ~ ~ • . ~ Notary Public in snd for. • M~irys My Commiuion expires: ' , + : • t, Retum To: ' Fint federal Savings b loan Association af F1.ORIDA ~t IARGE Of Fort Pierce. 8p1~ ~ ~~1~ Fort Pierce, Fiorida a~~EUpG~E COUNTY ~i~. ~ CLfRK CI~C IT CA~ ~ This Instrument Prepared By R1Ch81`d K. KBy~eS RECORO YERIFIED ~u~ ~ First Federal Savings b Loan Association of Fort Pierce ~ F1C~'1d8 Ar~ 19 9 09 AM ~~1 Checked By - - o ~ ~c~`~'6'71 4~ox ~Oi P~146'~ C _ - 13 ~ - - - - - - - - - ~x - _ - -